Quaker Houghton

#3070

Rank

$3.54B

MarketCap US

US United States

Country

Summary
Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. The company operates through four segments: Americas; Europe, Middle East, and Africa; Asia/Pacific; and Global Specialty Businesses. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, metal finishing fluids, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals. The company also provides chemical management services. It serves steel, aluminum, automotive, aerospace, offshore, can, mining, and metalworking companies. The company was formerly known as Quaker Chemical Products Corporation and changed its name to Quaker Chemical Corporation in August 1962. Quaker Chemical Corporation was founded in 1918 and is headquartered in Conshohocken, Pennsylvania.

History

On November 11, 1918, Quaker Chemical Corporation was founded as Quaker Oil Products Corporation. Its business consisted of the manufacture and sale of oil products, chiefly for lubrication and for the textile industry.

In 1930, Quaker reorganized and changed its name to Quaker Chemical Products Corporation and incorporated in the Commonwealth of Pennsylvania. During this time, Quaker expanded its scope with products for the metalworking industry. In 1947, Quaker entered into the steel market.

In 1962, Quaker Chemical Products Corporation changed its name to Quaker Chemical Corporation to better suit the scope of its activities, which included process engineering and services, as well as the development, manufacture and sale of industrial specialty chemical products. In the early1960s, Quaker established its first European subsidiary in the Uithoorn, Netherlands, Quaker Chemical B.V., to manufacture and market Quaker products to industries in Europe. In 1963, Quaker formed a U.K. subsidiary Quaker Chemical Limited. A year later, Quaker entered into a joint venture in Australia, Quaker Chemical Pty. Limited. In 1968, Quaker entered into a Joint venture in Mexico, TecniQuimia Mexicana S.A. de C.V. In 1970, Quaker entered into a joint venture in Japan, Nippon Quaker Chemical, Ltd.

On May 3, 1972, Quaker completed its initial public offering . The mid-1970s saw the launch of the QUINTOLUBRIC® polyol ester line of fluids. In June 1978, Quaker made its first major U.S. acquisition of Selby, Battersby & Co., a manufacturer of flooring systems for industrial, commercial and institutional buildings, and marine decking materials.

In 1987, Quaker entered the aerospace coating market with the acquisition of AC Products, Inc. in California.

The 1990s saw Quaker expand into markets in France, China and Brazil and file an application to list its common shares for trading on the New York Stock Exchange under the ticker symbol KWR. First NYSE trade occurs on August 23, 1996, for 100 shares. The decade was capped off with Quaker entering into a joint venture in India, Quaker Chemical India Limited.

In 2002, Quaker's new corporate worldwide headquarters opened in Conshohocken, Pennsylvania - USA. In addition, Quaker acquired multiple assets including Quima International, LLC , United Lubricants Corporation, Epmar Corporation and Quaker Chemical South Africa Ltd.

Throughout the first decade of the new millennium, Quaker continued with strategic acquisitions and company growth.

In 2006, Quaker expanded its manufacturing and R&D presence in China with a new facility and regional headquarters in Qingpu, Shanghai.

In 2010, Quaker entered the motorsports world by forming a partnership with the Sarah Fisher Hartman Racing team to develop new greases for IndyCar that would reduce mechanical loss of energy and extend the life of the bearings. Quaker acquired D.A. Stuart's aluminum hot rolling business and Summit Lubricants, a specialty grease manufacturer in the US.

In 2011, Quaker acquired G.W. Smith to become a leading die casting lubricant provider in the U.S.

In 2012, Quaker acquired NP Coil Dexter. It also debuted its new integrated marketing campaign “It’s what’s inside that counts”, encompassing an updated brand identity, logo and tagline.

In 2013, Quaker acquired a tin plating business, complementary to its steel portfolio.

In 2014, Quaker launched CoolanTool, a mobile application that facilitates the monitoring processes of metalworking fluids and organization of the data results in a number of ways. Quaker acquired ECLI Products, a high-tech automotive greases manufacturer and Binol AB, a Swedish manufacturer of environmentally acceptable lubricants for the metalworking, forestry and sawmill industries.

In 2015, Quaker acquired Verkol S.A., Spain. And in 2016, Lubricor Inc. in Canada.In 2017, Quaker and Houghton International executed an agreement to combine the companies. Both are headquartered in the Philadelphia, Pennsylvania area.


Mission
Quaker Houghton is committed to delivering the best industrial fluid solutions, services, and experiences that create value for our customers.

Vision
Quaker Houghton will be the world’s leading provider of industrial process fluids, services, and experiences, creating superior value and outcomes for customers, employees, and partners.

Key Team

Mr. Joseph A. Berquist (Exec. VP, Chief Strategy Officer and MD of Global Specialty Bus.es & EMEA (Interim))

Mr. Jeewat Bijlani (Sr. VP & MD of Americas)

Mr. David A. Will (VP, Global Controller & Principal Accounting Officer)

Dr. David H. Slinkman (Sr. VP & CTO)

Mr. Dhruwa Narain Rai (Sr. VP & Chief Information Digital Officer)

Mr. Jeffrey Michael Schnell (Sr. Director of Investor Relations)

Mr. Robert T. Traub Esq. (Sr. VP, Gen. Counsel & Corp. Sec.)


Recognition and Awards
Quaker Houghton has been recognized for its achievements in sustainability, safety, and innovation. In 2019, Quaker Houghton received the America Chemistry Council’s Responsible Care® Partner of the Year award and the Innovation in Industrial Fluids Technology award from the International Fluids Festival. The company has also been recognized among Forbes' America's Best Mid-Size Employers list.

References
Quaker Houghton
Leadership team

Mr. Andrew E. Tometich (CEO, Pres & Director)

Mr. Shane W. Hostetter (Sr. VP & CFO)

Mr. Wilbert Platzer (Sr. VP of Global Operations, Environmental Health & Safety (?EHS?) and Procurement)

Products/ Services
Advanced Materials, Consumer Goods, Industrial, Industrial Manufacturing, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Conshohocken, Pennsylvania, United States
Established
1918
Company Registration
SEC CIK number: 0000081362
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
KWR
Social Media
Sun Mar 03 2024
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